Confused

joevegas · Post by **joevegas** » Tue Feb 27, 2018 4:53 pm

Hi, hope someone can help me here, I'm a US permanent resident originally from Canada. I began receiving a company pension from my former employer in Canada last January.It is now tax time, my question is...I'm being taxed in Canada on my company pension, will I have to pay taxes again here in the states? Do I fill out a Canadian tax form since the earnings are Canadian?..Is there a place on the U.S.A. tax form to declare your pension from Canada?.... Also, would it be smart to fill out a Canadian tax return hoping to get some money back even though I have been living here for the past 8 years?...Not sure how to go about this?..Thanks in advance for any help I may receive.

nelsona · Post by **nelsona** » Wed Feb 28, 2018 9:50 am

Your pension should be having 15% withheld in Canada from source, as your final Cdn tax payment. You do not file a Cdn return. Your pension firm knows you are in US correct?

Then you report the entire gross pension in US, and then take credit for the 15% Cdn tax on your US return, using form 1116.

joevegas · Post by **joevegas** » Wed Feb 28, 2018 8:55 pm

Thank you so much for your help. I really appreciate it.